WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0462%/8h= +50.6% APRnext payment +$0.58 per $10,000 · paid last 24h +0.138%

Price spread now: Reya against Lighter−0.193%104s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.193% cheaper against Lighter than usual: you would sell low and buy high (spread −0.193% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 33 hours of funding at the current rate (+$14 a day). The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WIF	0.2481	0.0096	pay 0.0012% / 1h	15m 40s	$143K	$702K	10x
Short	Reya WIFRUSDPERP	0.2476	0.0558	get 0.0070% / 1h	15m 40s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ReyabpOrdersPrice spread, now −0.193%Rate

Funding earned: $96.95
Price spread: −0.193% → 0.000%: −$19.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $71.64
Costs to cover: 0.060%
Break-even: 1.8 days

Slippage unknown: Lighter: live order book, 20 min ago; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 20 min ago	11.46 bp	15.2 bp −$15	71.5 bp −$715	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WIF/USDC PERP	−0.0467%	1h	0.2462	−0.762%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2480	−0.036%	$980K	$938K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0027%	1h	0.2478	−0.117%	$73K	$297K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2479	−0.077%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2479	−0.077%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2476	−0.182%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0026% / S +0.0189%	1h	0.2479	−0.071%	$16K	—	100x	as long as short
Lighter WIFlong	+0.0096%	1h	0.2481	long leg	$143K	$702K	10x
Popdex WIFUSDT	+0.0096%	1h	0.2478	−0.117%	$53K	$571K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2482	+0.064%	$8.6M	$6.4M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2480	−0.048%	$31K	$352K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2480	−0.038%	$78K	$70K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2479	−0.062%	$18.9M	$144.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2479	−0.085%	$16.7M	$47.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2478	−0.117%	$5.5M	$41.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2478	−0.117%	$1.1M	$9.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2479	−0.077%	$22.4M	$12.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2478	−0.117%	$4.5M	$16.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2480	−0.036%	$7.5M	$15.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2478	−0.117%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2478	−0.114%	$73K	$193K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2473	−0.303%	$280K	$2.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2476	−0.198%	$45K	$633K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2479	−0.077%	$5K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2474	−0.278%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2479	−0.081%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2476	−0.198%	$147K	$921K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2477	−0.166%	$10K	$147K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2479	−0.089%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0344%	1h	0.2481	+0.006%	$643K	$2.7M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2481	+0.004%	$327K	$3.2M	50x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2476	−0.193%	$0	—	15x